MILLER INDUSTRIES INC /TN/ 8-K

What Happened
Miller Industries, Inc. announced on April 7, 2026 that its Compensation Committee approved a Third Amended and Restated Severance Protection Plan, which replaces the prior Change in Control Severance Plan. The Amended Plan removes the equity portion of a participant’s annual bonus from the calculation of severance benefits. Other substantive terms of the prior plan remain unchanged. The company filed the Amended Plan as Exhibit 10.1 to its Form 8-K (signed April 8, 2026 by Executive VP/CFO Deborah L. Whitmire).

Key Details

• Approval date: April 7, 2026 (filed on Form 8-K dated April 8, 2026).
• Plan: Third Amended and Restated Severance Protection Plan replaces the prior Change in Control Severance Plan.
• Main change: the equity portion of a participant’s annual bonus is excluded from severance benefit calculations.
• All other substantive terms of the prior plan were left unchanged; the full Amended Plan is included as Exhibit 10.1.

Why It Matters
This amendment narrows what counts toward severance pay, which could modestly reduce potential severance liabilities tied to equity-based bonus components for executives and other participants. For investors, the change is a governance/compensation detail — it does not report executive departures, financial results, or an acquisition — but it affects how severance obligations would be calculated in a qualifying termination or change in control scenario.